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WestRock Company (WRK - Free Report) was formed from the merger of MeadWestvaco Company and Rock-Tenn Company on Jul 1, 2015. Headquartered in Norcross, GA, the company aspires to be the premier partner and unrivalled provider of paper and packaging solutions in consumer and corrugated markets.
WestRock will benefit from the synergies from the merger, acquisitions and further share repurchases. The Ingevity spinoff will better position the company to pursue its operating priorities and strategies. Moreover, the company stands to benefit from its investments in capacity, growth initiatives, joint venture with Grupo Gondi in Mexico and a shareholder-friendly capital allocation strategy. However, unfavorable foreign currency translation, merger related costs remains a concern.
Let’s have a quick look at the fourth-quarter fiscal 2016 earnings release of the company.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for WestRock for the fiscal fourth quarter 2016 has moved south over the past month. The Zacks Consensus Estimate for the quarter has gone down 2% over the past 30 days and currently stands at 62 cents. Coming to the earnings surprise, WestRock posted a positive average earnings surprise of 6.15% in the last four trailing quarters.
WestRock posted earnings of 71 cents per share in the fourth-quarter of 2016. Earnings handily beat the Zacks Consensus Estimate of 62 cents. Investors should note that these figures take out special items.
Revenue
WestRock posted revenues of $3,612 million in the reported quarter, ahead of the Zacks Consensus Estimate of $3,602 million.
Key Developments
WestRock stated that is has achieved $89 million in year-over-year productivity improvements and annual run rate of $500 million of synergy and performance improvements.
Zacks Rank
Currently, WestRock has a Zacks Rank #2 (Buy), but that could change following WestRock’s earnings report which was just released.
Market Reaction
WestRock’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this WestRock’s earnings report later!
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WestRock's (WRK) Beats Earnings, Revenues in Q4
WestRock Company (WRK - Free Report) was formed from the merger of MeadWestvaco Company and Rock-Tenn Company on Jul 1, 2015. Headquartered in Norcross, GA, the company aspires to be the premier partner and unrivalled provider of paper and packaging solutions in consumer and corrugated markets.
WestRock will benefit from the synergies from the merger, acquisitions and further share repurchases. The Ingevity spinoff will better position the company to pursue its operating priorities and strategies. Moreover, the company stands to benefit from its investments in capacity, growth initiatives, joint venture with Grupo Gondi in Mexico and a shareholder-friendly capital allocation strategy. However, unfavorable foreign currency translation, merger related costs remains a concern.
Let’s have a quick look at the fourth-quarter fiscal 2016 earnings release of the company.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for WestRock for the fiscal fourth quarter 2016 has moved south over the past month. The Zacks Consensus Estimate for the quarter has gone down 2% over the past 30 days and currently stands at 62 cents. Coming to the earnings surprise, WestRock posted a positive average earnings surprise of 6.15% in the last four trailing quarters.
WESTROCK CO Price and EPS Surprise
WESTROCK CO Price and EPS Surprise | WESTROCK CO Quote
Earnings
WestRock posted earnings of 71 cents per share in the fourth-quarter of 2016. Earnings handily beat the Zacks Consensus Estimate of 62 cents. Investors should note that these figures take out special items.
Revenue
WestRock posted revenues of $3,612 million in the reported quarter, ahead of the Zacks Consensus Estimate of $3,602 million.
Key Developments
WestRock stated that is has achieved $89 million in year-over-year productivity improvements and annual run rate of $500 million of synergy and performance improvements.
Zacks Rank
Currently, WestRock has a Zacks Rank #2 (Buy), but that could change following WestRock’s earnings report which was just released.
Market Reaction
WestRock’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this WestRock’s earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>